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The Future of Oil in Suriname: Insights from political parties ahead of Sunday’s polls 

OilNOW -
Paramaribo, Suriname - As Suriname approaches general elections on May 25, the nation’s burgeoning oil and gas sector stands at the forefront of political discourse. The development of offshore reserves, particularly the US$10.5 billion GranMorgu project in offshore Block 58...
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Arbitration hearing for Monday over Chevron’s claim to Hess’ Guyana oil asset

OilNOW -
A high-stakes arbitration hearing over Chevron’s proposed $53 billion acquisition of Hess Corporation is set to begin Monday in London. The hearing will focus on a prized 30% stake in Guyana’s Stabroek Block, according to a Reuters report. The confidential...
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Guyana nominates candidates for sole expert to resolve US$214 million audit dispute with Exxon-led group

OilNOW -
Guyana has nominated multiple candidates for the role of sole expert to resolve a dispute with ExxonMobil and its partners over US$214 million in expenses claimed for oil operations in the offshore Stabroek Block, the Natural Resources Ministry said...
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PSC’s top focus will be watchdog role for 2025 elections, new chair says

OilNOW -
The Private Sector Commission (PSC) of Guyana will prioritize its role as an elections watchdog ahead of the country’s 2025 vote, newly elected Chairman Gerald Gouveia Jr. said, announcing plans to revive the body's elections monitoring system. “That’s going to...
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DOF secures US$480M in long-term AHTS contracts with Petrobras

OilNOW -
DOF Group ASA has been awarded four long-term charter and service contracts by Petrobras in Brazil, following a competitive tender process, the company announced this week.  The Skandi Iguaçu, one of the largest anchor handling tug supply (AHTS) vessels ever...
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Suriname’s GranMorgu FPSO enters fabrication phase 

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SBM Offshore has begun fabrication of the GranMorgu floating production, storage and offloading (FPSO) vessel. On May 20, the company held a first steel cut ceremony at BOMESC Shipyard in Tianjin, China, marking the official start of topsides module...
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Afreximbank launches US$1 billion financing opportunity for Guyanese companies with Roadshow 

OilNOW -
The African Export-Import Bank (Afreximbank) has made a substantial advancement toward meeting its pledge of US$1 billion in financing for Guyanese companies, following an introductory conference this week. The two-day event, at the Guyana Marriott Hotel, represented a pivotal moment...
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‘We are not awash with oil money,’ Guyana Vice President says

OilNOW -
Guyana’s Vice President Bharrat Jagdeo on Wednesday pushed back against claims that the country is flush with oil wealth, asserting that revenues from the sector fund only a fraction of national spending. Speaking at the annual National Toshaos Council Conference,...
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TT offshore auction largest ever in history – S&P 

OilNOW -
S&P Global Commodity Insights has rated Trinidad and Tobago’s 2025 deepwater bid round the “largest offshore auction in the country’s history”. The bidding round opened in January and will remain active until early July. The bid round offers 26 offshore...
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President Ali: Guyana will not cede an inch of Essequibo to Venezuela

OilNOW -
President Irfaan Ali on Tuesday said Guyana remains “83,000 square miles proud and strong, unshakable, unbreakable,” as Venezuela pushes ahead with plans to stage elections in the disputed Essequibo region. “We are respectful of international order, international rule of law,”...
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Welligence says Chevron must tread carefully operating in Guyana because of border controversy 

Following the closure of the Chevron-Hess merger, market intelligence firm Welligence is advising that Chevron, now holding a 30%...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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